BlackRock Files for an Ethereum Spot ETF Boosting ETH By 10%

BlackRock Files for an Ethereum Spot ETF Boosting ETH By 10%

Ethereum ETFEthereum

By Miles

10 Nov 2023

1 min read

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BlackRock's Ethereum ETF filing boosts Ethereum price by 10%, now at $2,106.

BlackRock has filed for an Ethereum Spot ETF, with details found on Nasdaq's site.

The Nasdaq listing describes BlackRock's move to trade shares of an Ethereum-based fund.

BlackRock's registration of the iShares Ethereum Trust in Delaware hinted at this ETF application, which has now been confirmed.

Previously, BlackRock registered documents before applying for a Bitcoin ETF. This time, they quickly followed the registration with an Ethereum ETF application on the same day.

After this news got out, Ethereum Price Went up 10% and is Currently Trading at $2,106.

Below is a chart showing Ethereum's Price movement in the past 7 days https://coinpaprika.com/coin/eth-ethereum/

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